We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

A genuine (but stupid) question re: my ISA please

Hi All.

I have an NSandI ISA with teh full 3K in it from last financial year, and I earnt £33 interest on that, credited on the 6th April (so my balance is now £3033).

I want to put the rest of my allowance in there for this year, can I put in the full 3K all at once, or is this £33 interest taken into account? If the latter, does that mean I have to put in £2967?

Cheers

Comments

  • tom188
    tom188 Posts: 2,330 Forumite
    yes you can make a maximum of 3k contributions a year. it is the contributions that are relevant, not the balance of the account.
  • Gordon_the_Moron
    Gordon_the_Moron Posts: 1,472 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Interest does not count towards the £3k limit, you can put £3k in yourself and the interest can go in (and be compounded) or go elsewhere.

    Nobody was born knowing everything, even the stuff that seems obvious, there is no such thing as a stupid question.

    Da Moron
    If you don't like what I say slap me around with a large trout and PM me to tell me why.

    If you do like it please hit the thanks button.
  • robnye
    robnye Posts: 5,411 Forumite
    Part of the Furniture Combo Breaker
    Nobody was born knowing everything, even the stuff that seems obvious, there is no such thing as a stupid question.

    Da Moron

    apart from asking - does water burn?
    and where to get sky hooks......?
    smile --- it makes people wonder what you are up to.... ;) :cool:
  • Gordon_the_Moron
    Gordon_the_Moron Posts: 1,472 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ...or even more stupid "When will there be a good episode of Big Brother on"

    HA HA :D

    Da Moron
    If you don't like what I say slap me around with a large trout and PM me to tell me why.

    If you do like it please hit the thanks button.
  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    ...or even more stupid "When will there be a good episode of Big Brother on"
    I thought the current season was called Big Sister...
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
  • derrick
    derrick Posts: 7,424 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    robnye wrote: »
    apart from asking - does water burn?

    It does if it's boiling :D
    Don`t steal - the Government doesn`t like the competition


This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604.1K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.